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Nov 20, 2012 4:00am PST
monday with the idea that over the course of the weekend, treasury secretary geithner, president obama and other high-ranking administration and congressional officials seemed to hint to the media that a fiscal cliff deal would happen before the middle of or end of december, and thus risk assets took that as meaning that, really in the background, fiscal cliff negotiations are speeding up and are intensifying, and that we will have a solution. so monday's trade was really about a fiscal cliff solution. the dollar was lower, commodity prices were higher, and equities of course were higher as well. > > equities were much higher. how much of that has to do though with maybe some oversold conditions in the market? > > i think oversold conditions certainly are a part of it. the idea that the fiscal cliff will get resolved in short order is another part of it. and then third, yields on treasuries remain awfully paltry and small. you saw treasuries sell off during the course of monday. the treasury curse deepened. and really equities were the beneficiary of those capital flows as there was la
Nov 14, 2012 4:00am PST
everyone will have to dure under an obama administration. a tasty piece of americana may be in jeopardy. hostess brands, the maker of wonder bread, twinkies and ding dongs, is warning that it may be forced to liquidate if union employees continue with a crippling strike. hostess has already announced the permanent closing of three bakeries as a result of the nationwide strike by 30% of its workforce that started last week. workers are protesting wage and pension cuts. the world's largest operator of bowling alleys strikes out. amf bowling worldwide filed for bankruptcy after failing to find a buyer for its 262 bowling centers. this will be its second trip through bankruptcy since the 1990s. the company, which employs 7,000 people, has struggled with both a heavy debt load and a decline in the sport. united and continental pilots' union leaders say the tentative new contract means the end of bankruptcy era concessions. rank and file members will vote to accept or reject the deal in the next few weeks. if pilots do ratify the new contract, it will pave the way for assimilating flight crew
Search Results 0 to 1 of about 2